This growth in the market is attributed to the increasing prevalence of
diabetes, surge in geriatric population, and technological advancements.
Moreover, increasing awareness about diabetic care, rising obese
population, and favorable in health insurance and reimbursement scenario
are also driving the growth of the market, globally.

On the basis of type, the self-monitoring blood glucose devices market
is categorized into strips, glucose meters, lancets and others. Among
all types, strips held the largest share in the market, accounting for
more than 80% contribution in 2017.

Self-monitoring blood glucose devices are mainly used for monitoring
type 1 and type 2 diabetes. Between the two, the use of self-monitoring
blood glucose devices is expected to exhibit faster growth for
monitoring type 2 diabetes, with a CAGR of 6% during the forecast
period. This is attributed to the rising prevalence of type 2 diabetes
among adults, which is substantiated from the fact that, among all
diabetes cases, 90% to 95% of the cases are found to be suspected with
type 2.

Some of the risk factors of type 2 diabetes include increasing geriatric
population, family history of diabetes, impaired glucose tolerance, and
obesity and physical inactivity. Moreover, ethnicity is also a risk
factor for the occurrence of type 2 diabetes. African Americans,
American Indians, Hispanic/Latino Americans, and some Asian Americans
and Pacific Islanders have high probability of developing type 2
diabetes.